O'ahu Chapter Meeting

Topic:  Tax Planning for Hawai’i Family Businesses:  Current Trends and Future Insights

Speaker: Daniel Vermillion (Partner, Cades Schutte)

With expertise in complex tax planning techniques, Dan leverages strategies that efficiently shift wealth between generations while minimizing tax burdens for individuals and businesses.

Dan counsels clients with matters related to all aspects of trust administration and estate settling, such as preparation and implementation of both revocable and irrevocable estate planning techniques, including intentionally defective grantor trusts, qualified personal residence trusts, irrevocable life insurance trusts, grantor retained annuity trusts, and other accompanying documents to ensure a smooth transition between generations.

He assists families and closely held businesses with succession planning, and works closely with our corporate attorneys to create legal entities to own assets which efficiently transfer property from one generation to the next.

Dan is currently serving as Secretary of the Hawai‘i Estate Planning Council. He has taught estate drafting as an adjunct professor at the University of California College of the Law, San Francisco (formerly UC Hastings College of the Law) and served as a guest lecturer at UC Hastings and Golden Gate University on estate and gift taxation. Prior to joining Cades Schutte, Dan was an associate at Farella Braun + Martel LLP with offices in Saint Helena and San Francisco.

Dan has been named a leading lawyer by the Chambers & Partners High Net Worth Guide and as one of the Best Lawyers in America^® since 2021, and has also been named a Rising Star in Estate Planning and Probate by Super Lawyers^®. Prior to moving to Hawai‘i, Dan was also among the North Bay Business Journal’s Forty Under 40 for 2015, named to The Recorder’s list of 50 “Lawyers on the Fast Track” for 2013, and was a recipient of the Outstanding Volunteer Award from the Bar Association of San Francisco’s Volunteer Legal Services Program (2010, 2011, 2012, and 2013). In his spare time, Dan enjoys spending time with his wife and two boys, whether at the beach, sailing, or on the golf course.

Join us for an informative event covering estate planning and taxation topics:

• Understanding New Pass-Through Entity Taxation Strategies: We’ll review newly passed legislation, which provides opportunities to discuss the complexities of pass-through entity taxation and effective strategies to take advantage of these changes. What are some of the benefits of pass-through entity taxation for 2023, focusing on LLCs and the approaching April deadline.
• Review Estate Tax Basics:  Some basics on federal and Hawaii estate tax, and how they may affect your beneficiaries.
• 2025 and 2026 Tax Changes: Explore the implications of the Tax Cuts and Jobs Act and understand how this may affect you in 2026.  Gain insight into proposed Hawaii estate tax law modifications and their potential impact on your estate planning.
• Gifting Basics and Estate Tax Implications: Discover the fundamentals of gifting and its role in estate tax planning.
• Implications of Inaction: Learn about the potential consequences of not adapting to changing tax laws and the importance of proactive estate planning.